Bank New York Mellon Corp Stock Price, News & Analysis

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has requested a temporary suspension of mining and ore processing at its Uchucchacua mine to enhance operational efficiency and profitability. This follows a local community strike that began on September 13, 2021. The suspension aims to preserve cash flow and reduce fixed costs, while prioritizing underground exploration and optimizing mining processes. Buenaventura plans to gradually restart operations post achieving necessary improvements, without significant impact on projected cash flows for 2021 and 2022.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 3Q21 production figures, showing significant gold and silver output. For gold, 3Q21 production was led by Yanacocha with 65,220 ounces and Orcopampa with 15,547 ounces. Total gold production for 9M21 reached 30,663 ounces at Orcopampa, while silver production totaled 3.7 million ounces overall. The company updated its 2021 guidance, projecting gold production between 40k-45k ounces for Orcopampa and a total of 315k ounces from Yanacocha. The company also adjusted silver output guidance to between 5.4M and 6.0M ounces for El Brocal.

BNY Mellon's Pershing has appointed Ainslie Simmonds as President of Pershing X, a new business unit aimed at enhancing advisory solutions. This initiative builds upon the Client Experience Reimagined project initiated in April 2021. Pershing X intends to offer an integrated advisory platform to help financial services firms streamline technology and improve client services, ultimately enhancing asset growth. Simmonds brings 20 years of experience, having previously led digital initiatives at prominent firms. This strategic move aims to position Pershing as a leader in providing innovative solutions for the advisory industry.

BNY Mellon has announced a collaboration with the Future Investment Initiative (FII) Institute to foster growth in the region through technology and knowledge sharing, emphasizing Environmental, Social, and Governance (ESG) principles. This partnership aims to develop sustainable real-world solutions, focusing on areas like education, AI, and robotics. BNY Mellon, which manages $45 trillion in assets, is committed to supporting Saudi Arabia's growth agenda, enhancing its global influence in the financial sector.

BNY Mellon will announce its third quarter 2021 financial results on October 19, 2021, with materials available at 6:30 a.m. ET on its website. A conference call and audio webcast will follow at 8 a.m. ET, providing insights and forward-looking statements. Investors can join by dialing +1 800-390-5696 or logging onto BNY Mellon's investor relations page. Replays of this session will be accessible from 2 p.m. ET on October 19 until November 19, 2021.

BNY Mellon has partnered with Microsoft to migrate wire payment infrastructure to Microsoft Azure, enhancing the resilience and capacity of the payments industry. This collaboration establishes a treasury cash management relationship, focusing on critical high-value wire payments using cloud technology. The shift to Azure aims to improve operational efficiency and flexibility during market volatility, marking a significant step in BNY Mellon's strategy to digitize payments. As of June 30, 2021, BNY Mellon managed $2.3 trillion in assets.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund has announced its quarterly tender offer, allowing shareholders to tender 2.5% of the Fund's outstanding shares as of September 30, 2021. The tender offer will commence on October 14, 2021, and will expire on November 12, 2021, at 5:00 p.m. ET. Shareholders should refer to the Offer Documents for detailed terms, which will be filed with the SEC. BNY Mellon Investment Management, part of BNY Mellon, oversees $2.3 trillion in assets under management.

BNY Mellon is expanding its Custody FX offering by introducing new trading capabilities while transitioning to a transparent open architecture model. Clients can now customize their currency trading with enhancements like Large Order Execution via algorithmic methods, improved transparency through trade micro-timestamping, and expanded Asia execution capabilities. This shift aims to empower clients, providing them with greater control over their FX trading programs and increasing their autonomy. As of June 30, 2021, BNY Mellon managed $45.0 trillion in assets under custody.

Compañía de Minas Buenaventura S.A.A (NYSE: BVN) is set to hold its Third Quarter 2021 earnings conference call on October 29, 2021, at 10:00 AM ET. Financial results will be released on October 28, 2021. Participating in the call will be CEO Leandro García Raggio and senior management, discussing the company's financial and operating results. Buenaventura operates several mines in Peru and is a key player in precious metals, holding significant stakes in Minera Yanacocha and Sociedad Minera Cerro Verde. For more information, visit www.buenaventura.com.